Short sellers load up against SpaceX as stock drops below IPO price
Source: CNBC
Short sellers are rapidly increasing their bets against SpaceX, driving bearish positioning to nearly one-third of the company’s public float as the struggling stock hovers below its IPO offering price.
About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float and about $25 billion in bearish wagers, according to S3 Partners. The position has ballooned from an estimated 40 million shares, or roughly 5% to 7% of the float, just three weeks ago.
“We are seeing continuous demand from short sellers building speculative positions since the IPO,” Matthew Unterman, head of research at S3, told CNBC.
The surge in short interest comes as SpaceX shares have struggled after an initially strong debut. The stock has fallen about 20% in July and briefly slipped below its $135 IPO price on Wednesday for the first time. The stock last traded around $131 apiece on Thursday.
Read more: https://www.cnbc.com/2026/07/16/short-sellers-load-up-against-spacex-as-stock-retreats-back-to-ipo-price.html
= new reply since forum marked as read
